02/27/2022
Herbert Smith Freehills: Financial Daily Regulation Update
The report provides information on the substance of the Recommendation, such as the legal form of the measure and the type of financial institutions covered
Government Regulation
02/25/2022
Adjusted right to work check update
This update is welcomed as it will allow employers the continued flexibility to undertake right to work checks remotely, in respect of those who are outside the scope of the online right to work checking service.
02/25/2022
Mandatory climate-related financial disclosures by large UK corporates: government guidance issued
The Regulations essentially amend the Companies Act 2006 provisions regarding the contents of the strategic report.
02/25/2022
No-fault divorce transforms separation in England & Wales
The current divorce procedure will continue to apply until the reforms under the new law take effect.
02/25/2022
Important Implications for claims on behalf of insolvent Companies against former Directors
For a liquidator of an insolvent company with few assets, the prospect of having to provide security can act as a significant deterrent to bringing the claim in the first place or to continuing with the claim once the court orders the company to provide s
02/25/2022
Enhanced financial services regulatory powers proposed for Singapore
This enhanced ability to issue prohibition orders will enable MAS to take a consistent sector-wide approach when taking enforcement action against misconduct.
02/25/2022
Evaluating Investment Opportunities: The Confidentiality Agreement stage and (6) key points to note.
The approach of “opting-out” of receiving personal data is often proposed in the course of negotiating the terms of an NDA.
02/25/2022
Rights and principles proposed to guide digital transformation
The Commission is hoping to have the draft declaration signed by summer 2022.
02/25/2022
The EU Commission's proposal for a directive on corporate sustainability due diligence
The Proposed Directive aims to foster the sustainable and responsible behaviour of in-scope companies operating in the European Union (the EU) throughout their global value chains.
02/25/2022
Firms told to review recruitment processes ahead of new UK code of practice
All employers in the UK have a responsibility to prevent illegal working by conducting a simple right to work check on potential employees.
02/25/2022
EU's sustainability due diligence law will have 'broad scope of application' in the ESG space
The consideration of human and environmental rights should be understood as part of their duty to act in the best interest of the company, the Commission said.
02/25/2022
EU moves to limit foreign access to cloud data
These latest Commission plans would apply similar restrictions to the transfer of, and foreign access to, EU-held non-personal data for the first time.
02/25/2022
NDAs in the Channel Islands – Enforcement, Limitations and Ethical Considerations
This would leave the employee with the choice of either bringing a claim in the Employment and Discrimination Tribunal, with all its attendant stress and uncertainties, or walking away from that claim.
02/24/2022
Key issues and trends in series financing transactions from a BVI and a Cayman Islands law perspective
The absence of exchange controls, tax neutrality and the ability to close transactions electronically, among other things, have continued to drive the popularity of the BVI and the Cayman Islands as jurisdictions of choice in these types of transactions.
02/23/2022
Interest of US buyers in acquiring UK companies grows
Almost two-thirds of the firm offers announced in 2021 were from such sources.
02/23/2022
EU considers time limits for FRAND licensing negotiations
UK law makers are considering introducing such a system too.
02/23/2022
US DOJ Continues to Position Itself as Preeminent Global Enforcement Agency for Virtual Currency and Digital Assets
To the extent one can forecast DOJ’s future enforcement activities from where it chooses to place talent and resources, it looks very clear that virtual currency and digitals assets are likely to remain a top-level priority of the department for som
02/23/2022
China’s crypto ban extends to a wider range of crypto-based activities
Despite the wide and non-exhaustive ban on “virtual currency” activities, some regulatory grey areas will remain as technology develops and markets evolve.
02/22/2022
UK Government Launches Consultation on Adopting a New Comprehensive Framework Aimed at Enhancing Cyber Security of Businesses
This Legal Update discusses two areas the proposals focus on and notes the deadlines for submitting responses.
02/22/2022
Taking a Jersey company private: Is there a new kid on the block?
Take private transactions in Jersey have frequently been implemented by members’ schemes of arrangement under Part 18A of Companies (Jersey) Law 1991 (CJL).